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58 East 11th Street

Bijan Nassi Secures $22.5M Refinancing Loan From T30 Capital For Greenwich Village Office Properties
FINANCEDOffice

Bijan Nassi Secures $22.5M Refinancing Loan From T30 Capital For Greenwich Village Office Properties

58 East 11th Street, 99 University Place & 60 East 11th Street

$22,500,000

Building Size

Asset Type

Office

Closing

Jul 17, 2025

AI

There are three office properties involved in this transaction located at 58 East 11th Street, 99 University Place, and 60 East 11th Street. The total area of these properties is 82,320 square feet situated in the Greenwich Village market. The refinancing loan for these assets amounts to $22,500,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,500,000
  • Lender: T30 Capital
  • Landlord: Bijan Nassi

Bijan Nassi secured the refinancing loan through T30 Capital, allowing him to finance the three office properties collectively. The transaction took place on July 17, 2025.

Players

T30 Capital
T30 CapitalLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93